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XVG SHORT SETUP!

Short
BINANCE:XVGBTC   Verge / Bitcoin
XVG ANALYSIS:

XVG is at an interesting point, and positions traders up for two opportunities. XVG is pushing off of the support, but held back by a strong downward trend. I expect the current run on XVG to go up to 47 sats near the 200MA, which holds a small resistance order block. A possible wick up to 49-51 sats is possible. This is the major order block zone. If XVG can get close to 50 sats , this will be the third attempt at the trend. I expect a rejection here and a pop back DOWN to support and possibly low support range. Short opportunities bids should be set at 47-51 sats , stop loss just above 55 sats in case trend is in fact broken. Then look to close short position at 36-40 sats . The next opportunity is a long term buy at 36 sats .

Possible Short Entries: 47-51 sats

Comments

Just how much time do you expect for analysis?
For example, 1weeks or more?
Reply
I agree with you
I bought my 43 Satoshi
According to your analysis, I predict a price increase:49 and 50 is Satoshi for sale
But the situation is such that the price hike depends on the whales
Reply
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